Germany needs 90,000 Indian workers annually, Goyal says

Commerce and Industry Minister Piyush Goyal on Thursday disclosed that Germany requires over 90,000 Indian workers every year to meet its labour force demands. Speaking at the ISID-IDRA Fourth National Conference in the capital, Goyal referenced the response he received from Germany's foreign minister regarding the country's workforce needs.

The minister's comments underline the growing appetite among developed European economies for skilled Indian talent amid demographic challenges and labour shortages in key sectors. Germany, Europe's largest economy, has been grappling with an ageing population and skills gaps that have prompted it to actively seek workers from emerging markets.

Goyal's remarks come at a time when India is positioning itself as a significant source of skilled and semi-skilled workers for global markets. The statement reflects ongoing diplomatic discussions between India and Germany on labour mobility and bilateral economic cooperation.

The revelation is likely to strengthen India's negotiating position in trade discussions and visa agreements with European nations, particularly regarding mobility of skilled professionals and workers. It also highlights the economic value of India's demographic dividend in international labour markets.